Seller's Agent in 2023
Deborah Tomaro
Deb Tomaro Real Estate
(812) 345-4404
2 in this area
224 Total Sales
1702 S Olive St Bloomington, IN 47401
Barclay Gardens NeighborhoodEstimated Value: $428,000 - $857,000
12
Beds
8
Baths
4,896
Sq Ft
$137/Sq Ft
Est. Value
Highlights
- 0.69 Acre Lot
- Wood Flooring
- Breakfast Bar
- Jackson Creek Middle School Rated A
- Covered Patio or Porch
- Laundry closet
About This Home
As of August 2023Total monthly rent of $6020 (August 2023). All units are leased through summer 2024. Minimal landlord expenses (insurance $2280/year, mowing $600/year, no landlord utilities). Hard to find investment opportunity less than 2 miles from Indiana University campus. Four units, two buildings. Well maintained. Roofs and gutters were replaced in 2018. 1702 and 1704 were recently updated with new interior finishes including some granite, hardwood and stainless steel. Several new AC units. Crawlspace work completed in both buildings. All units have the same layout with some minor variations in the location of the laundry. All appliances and washers/dryers stay with the units. All utilities are separately metered and paid by the tenants. Ample parking between the two buildings and a large common area in the back are shared by all tenants. HAND permits are in place.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $7,740
Year Built
- Built in 1991
Lot Details
- 0.69
Parking
- 8 Parking Spaces
Home Design
- Brick Exterior Construction
- Vinyl Construction Material
Interior Spaces
- 4,896 Sq Ft Home
- 2-Story Property
- Crawl Space
- Breakfast Bar
- Laundry closet
Flooring
- Wood
- Partially Carpeted
Bedrooms and Bathrooms
- 12 Bedrooms
Schools
- Templeton Elementary School
- Jackson Creek Middle School
- Bloomington South High School
Additional Features
- Covered Patio or Porch
- Lot Dimensions are 75x390
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tenant pays for cable, cooling, electric, fuel, heating, sewer, trash collection, water
- The owner pays for building insurance, lawn maintenance, maintenance, tax
- Assessor Parcel Number 53-08-09-104-130.000-009
Community Details
Overview
- 2 Buildings
- 4 Units
- Barclay Gardens Subdivision
Building Details
- 4 Separate Electric Meters
- 4 Separate Water Meters
- Insurance Expense $2,280
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 8, 2023
Closed on
Aug 14, 2023
Sold by
Tesoro Property Group Llc
Bought by
Motahari Sanaz
Seller's Agent
Deborah Tomaro
Deb Tomaro Real Estate
Buyer's Agent
Rebekah Sims
Century 21 Scheetz - Bloomington
List Price
$719,900
Sold Price
$665,000
Premium/Discount to List
-$54,900
-7.63%
Views
83
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,119
Avg. Annual Appreciation
-2.17%
Purchase Details
Listed on
Dec 10, 2018
Closed on
Dec 10, 2018
Sold by
James Gronquist-President
Bought by
Kelly Votolato-Member
List Price
$390,000
Sold Price
$390,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.05%
Original Mortgage
$312,000
Interest Rate
4.8%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 29, 2009
Sold by
Gronquist James M
Bought by
Greit Llc
Purchase Details
Closed on
Apr 27, 2006
Sold by
Short Charles R and Short Diane
Bought by
Gronquist James M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
6.62%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Motahari Sanaz | $665,000 | John Bethel Title Company | |
| Kelly Votolato-Member | $390,000 | -- | |
| Tesoro Property Group Llc | -- | None Available | |
| Greit Llc | -- | None Available | |
| Gronquist James M | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tesoro Property Group Llc | $312,000 | |
| Previous Owner | Gronquist James M | $211,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2023 08/18/23 | Sold | $665,000 | -7.6% | $136 / Sq Ft |
| 06/08/2023 06/08/23 | For Sale | $719,900 | +84.6% | $147 / Sq Ft |
| 12/10/2018 12/10/18 | Sold | $390,000 | 0.0% | $80 / Sq Ft |
| 12/10/2018 12/10/18 | Pending | -- | -- | -- |
| 12/10/2018 12/10/18 | For Sale | $390,000 | -- | $80 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $13,528 | $660,800 | $79,700 | $581,100 |
| 2023 | $3,943 | $372,700 | $79,700 | $293,000 |
| 2022 | $7,740 | $382,300 | $79,700 | $302,600 |
| 2021 | $7,589 | $366,100 | $79,700 | $286,400 |
| 2020 | $7,567 | $366,100 | $79,700 | $286,400 |
| 2019 | $7,616 | $362,200 | $53,100 | $309,100 |
| 2018 | $6,310 | $299,400 | $27,400 | $272,000 |
| 2017 | $5,675 | $268,700 | $27,400 | $241,300 |
| 2016 | $5,708 | $275,000 | $27,400 | $247,600 |
| 2014 | $5,622 | $270,000 | $27,400 | $242,600 |
Source: Public Records
Agents Affiliated with this Home
-
Deborah Tomaro
-
Rebekah Sims
Buyer's Agent in 2023
Rebekah Sims
Century 21 Scheetz - Bloomington
(812) 385-6302
3 in this area
107 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202319498
APN: 53-08-09-104-130.000-009
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